- Year built
- 1912
- Type
- Condominium
- Landmark
- Designated
Every recorded sale at this building, 2018–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,617
- Listing discount
- 6.9%
- Recorded sales
- 120
- On record
- 2018–2026
49 Chambers is one of the most architecturally significant residential conversions in Lower Manhattan. Built in 1912 as the Emigrant Industrial Savings Bank to a Beaux-Arts design by Raymond F. Almirall, the building was among the early skyscrapers to employ an "H"-shaped plan around a central light court — a then-novel solution that gave every floor light and air. In 2018, the Chetrit Group transformed it into 99 condominiums, with Woods Bagot directing the conversion and Gabellini Sheppard Associates handling the interiors, preserving the grand banking hall and the building's ornate Beaux-Arts detail.
The result is a building that trades on a combination almost impossible to replicate: a landmark Beaux-Arts envelope, the volumes and light that come from a former bank's grand proportions, and a deep, contemporary amenity program — all at the seam where Tribeca meets the Civic Center, a few blocks from City Hall Park and the Tribeca dining core.
For buyers, the appeal is a landmark condominium — with the financing latitude, ownership flexibility, and resale liquidity that ownership structure provides — set behind one of downtown's most distinguished façades, with an amenity suite that rivals far newer towers.
Architecture and unit composition
Almirall's design is the building's signature: a rusticated limestone base with banded columns rising to a dignified Beaux-Arts crown, and the innovative "H"-plan light court that floods the interior floors with daylight. The preserved banking hall — with its elliptical stained-glass ceiling and ornate architectural detail — anchors the ground floor and gives the address a sense of permanence no new tower can manufacture.
The 99 residences run from one- to four-bedroom layouts, with the conversion delivering the high ceilings, deep window reveals, and generous proportions that come from a grand early-20th-century bank building. Gabellini Sheppard's interiors pair these inherited volumes with a restrained contemporary finish program. The combination of landmark architecture and modern systems is the building's defining quality, with upper-floor and light-court homes capturing the best of the daylight that the "H"-plan was designed to deliver.
Building operations
49 Chambers runs as a full-service condominium with one of downtown's deepest amenity programs — more than 20,000 square feet in total. The attended lobby leads to a 50-foot lap pool, a hammam and spa, sauna and steam rooms, a fitness center, a golf simulator, a screening room, a residents' lounge, a children's playroom, and a tween lounge, capped by a 7,000-square-foot landscaped roof deck with cabanas and grilling areas. As a condominium, purchases clear through a right-of-first-refusal rather than a co-op board admissions process, and financing, pied-à-terre, trust, and investment ownership are accommodated. The location places residents within steps of the City Hall, Brooklyn Bridge, and Chambers Street transit hubs and the Tribeca restaurant core.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $61,520/yr
- Per unit / month range
- $0 – $52
Facade safety — Local Law 11
An active hazard: the building must keep a sidewalk shed up and make repairs now — expect construction, disruption, and a likely special assessment. We’d get you the repair scope and the building’s funding plan up front, so you go in knowing exactly what’s underway and what it’s likely to cost.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →Recent sales
Recent closings at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| May 8, 2026 | 5G | 3 BR · 2.5 BA · 3,225 sf | $3,750,000 | $1,163/sf | -16.6% |
| Feb 6, 2026 | 11A | 2 BR · 2 BA · 1,824 sf | $3,450,000 | $1,891/sf | -1.3% |
| Jan 28, 2026 | 8F | 1 BR · 1.5 BA · 968 sf | $1,515,000 | $1,565/sf | +1.0% |
| Dec 17, 2025 | 5D | 2 BR · 2.5 BA · 2,261 sf | $2,999,000 | $1,326/sf | -14.2% |
| May 29, 2025 | 9A | 2 BR · 2 BA · 1,824 sf | $3,630,000 | $1,990/sf | -3.2% |
| May 22, 2025 | 9D | 2 BR · 2.5 BA · 2,256 sf | $3,900,000 | $1,729/sf | -2.4% |
| Dec 20, 2024 | 15H | 2 BR · 2 BA · 1,459 sf | $2,535,000 | $1,737/sf | -6.1% |
| Oct 29, 2024 | 12D | 2 BR · 2.5 BA · 2,256 sf | $3,950,000 | $1,751/sf | -1.1% |
Market read. Most recent trades (2026) cleared a median $1,617/sf across 3 sales. Median listing discount 6.9% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Apr 10, 2020 | 7D | $3,800,000 |
| Apr 10, 2020 | PHB | $8,950,000 |
| 6C | $2,150,000 | |
| 7F | $1,670,000 |
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00153-7501) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
What to know if you’re buying
49 Chambers offers landmark architecture with new-construction amenities and condominium flexibility — an uncommon combination downtown. Financing is flexible with no co-op cap, there is no board admissions process — purchases clear a right-of-first-refusal — and pied-à-terre, LLC, trust, and investment ownership are accommodated, with freer resale and subletting than a co-op.
Buyers should focus on light and floor — the "H"-plan light court and the upper floors carry the daylight that defines the best homes — and weigh the value of the 20,000-square-foot amenity suite, which functions as a private club. The Tribeca/Civic Center location offers some of downtown's best transit and dining access. For a buyer who wants a landmark address with the services of a modern tower, 49 Chambers is among the strongest options in Lower Manhattan.
What to know if you’re selling
Landmark architecture and a deep amenity program are the marketing core. A 49 Chambers resale leads with the Almirall Beaux-Arts envelope, the preserved banking hall, the "H"-plan light, and the 20,000-square-foot amenity suite — differentiators that distinguish it from the new-construction glass towers nearby. Benchmark to downtown's landmark conversions and amenity-rich condominiums.
Closing mechanics are condominium-standard — a right-of-first-refusal rather than a co-op board, with predictable timelines that appeal to the flexibility-minded buyer this building attracts. With 99 units and the building's architectural distinction, well-presented light-court and high-floor inventory benefits from limited comparable supply on the corridor.
Comparable buildings
If you're considering 49 Chambers, the relevant set is downtown's landmark conversions and full-service condominiums:
- 200 Chambers Street — Tribeca full-service condominium nearby
- 5 Beekman Street — landmark Civic Center conversion
- 20 Pine Street — landmark FiDi condominium conversion
- 1 Wall Street — landmark Art Deco conversion downtown
- 25 Broad Street — full-service Financial District building
The Roebling Team at 49 Chambers
The Roebling Team at Compass specializes in Tribeca, the Financial District, and the broader downtown landmark-conversion market. We publish this profile because a building like 49 Chambers rewards a careful read — landmark architecture, light, and amenities all factor into value here — and buyers and sellers deserve building-specific intelligence.
If you're considering a purchase or sale at 49 Chambers Street, a 30-minute consultation is the right starting point.
Get the full picture on this building.
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